Delegat forecasts record operating profit, case sales in 2016 on growth in North America, Asia

Delegat forecasts record operating profit, case sales in 2016 on growth in North America, Asia
Sophie Boot
By Sophie Boot Dec. 1 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, forecast record operating profit and case sales for 2016 on growth in the North American market and in the Asia-Pacific region. Operating profit is expected to rise 5 percent to $36 million in the year ending June 30, 2016, managing director Graeme Lord told shareholders at their annual meeting in Auckland. Sales are forecast to rise 8 percent to 2.4 million cases, he said. Delegat, which is controlled by interests associated with the famil...